Ulta Beauty Inc Crosses Above its 10-day MA (ULTA)

Written on Fri, 10/12/2018 - 10:30am

By Nick Russo

Today, shares of Ulta Beauty Inc (NASDAQ:ULTA) have advanced above their 10-day MA of $274.79 on a volume of 171K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Ulta Beauty Inc has traded in a range of $187.96 to $314.86 and is now at $276.43, 47% above that low. The 200-day and 50-day moving averages have moved 0.37% higher and 0.84% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Ulta Beauty Inc and will alert subscribers who have ULTA in their portfolio or watchlist when shares have changed trend direction.